Is Jurassic World a direct sequel to Spielberg's Jurassic Park?

It’s hard to believe that after all the promotion for Colin Trevorrow’s JURASSIC WORLD, we’re still catching some new details about the film just over a month away from its release. Some interesting story details have come out of Yahoo! that give us an idea where the film sits continuity-wise in the franchise, reporting that JURASSIC WORLD is actually a direct sequel to Steven Spielberg’s 1993 original. So, what about those other movies?

From the site:

"Of course, Jurassic World isn’t a mere re-creation of Jurassic Park; it’s a direct sequel to the original, set some 20 years after the events of Spielberg’s film. (According to Trevorrow, the previous sequels aren’t being written out of continuity so much as placed to the side, as they both unfolded on a different island.) In that time, a functioning theme park has been constructed on Isla Nubar, overseen by operations manager Claire Dearing (Bryce Dallas Howard) and employing hundreds of staffers, including velociraptor trainer Owen Grady (Chris Pratt)."

Taking place 22 years after the original JURASSIC PARK, the film finds....

...Isla Nublar now featuring a fully functioning dinosaur theme park as originally envisioned by John Hammond. After 10 years of operation and visitor rates declining, in order to fulfill a corporate mandate, a new attraction is created to re-spark visitor's interest, which backfires horribly.